CHICAGO — Retrofit Chicago’s Commercial Buildings Initiative has accepted Michigan Plaza, located at 205 | 225 N. Michigan in Chicago into its program. The City of Chicago initiated the program in 2012 to promote and assist properties that were identified as candidates to lower energy consumption during a five-year period by 20 percent. As part of the Retrofit Chicago program, the City of Chicago is offering incentives to participating properties, including additional access to resources, permit prioritization and the recognition of achievements through promotional marketing. The city expects to reduce energy use by 20 percent in 24 million square feet within the next five years. This is the second property managed by MB Real Estate to be accepted into the Retrofit Chicago program. In 2012, the firm announced the participation of 333 N. Michigan as well. The Retrofit Chicago program is outlined by the federal government’s strategy to reduce energy costs in buildings.
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